Global Ship Lease's second-quarter earnings fell 41% amid reduced revenue while lowering costs.
The New York-listed boxship player reported net income of $4.02m versus a $6.82m in profit in the same period a year ago.
Adjusted net income totaled $4.02m, compared to $7.34m, excluding a premium paid on 10% notes bought in April 2017.
Those results translated into $0.08 earnings per share (EPS) versus EPS of $0.14.
